Prepare la campania spas balance sheet as at 30 june 2005

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Reference no: EM131340749

La Campania SpA produced various types of pasta. The company had the following trial balance for the year ended 30 June 2005 (amounts in millions of euro):

	Debit	Credit
Current assets	4,173
PPE, net	5,266
Intangible assets, net	4,735
Other assets	3,377
Current liabilities		3,788
Long term debt and other liabilities		6,882
Shareholders equity*		5,609
Sales		20,367
Cost of sales	8,198
Selling, general and administrative expenses	9,103
Other expenses	2,217
Other income		1,201
Cash dividends	778
Total	37,847	37,847
*include beginning retained earnings.

(a) Prepare La Campania SpA's income statement for the year ended 30 June 2005.

(b) Prepare La Campania SpA's balance sheet as at 30 June 2005.

Reference no: EM131340749

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